央行、证监会联合发布关于支持发行科技创新债券有关事宜的公告

Core Viewpoint - The announcement by the People's Bank of China and the China Securities Regulatory Commission aims to support the issuance of technology innovation bonds, enhancing the financing channels for technology innovation enterprises and promoting the development of a multi-level bond market that aligns with technological innovation [1][4]. Group 1: Measures to Support Technology Innovation Bonds - The announcement outlines several measures to support the issuance of technology innovation bonds, including allowing financial institutions, technology enterprises, private equity investment institutions, and venture capital institutions to issue these bonds [2][4]. - Issuers are encouraged to set flexible bond terms and issue long-term bonds to better match the funding needs of the technology innovation sector [2][5]. - The announcement emphasizes the need to optimize bond issuance management, simplify information disclosure, and innovate the credit rating system to facilitate financing for technology innovation bonds [2][6]. Group 2: Enhancements to the Bond Market - The measures include establishing a special underwriting evaluation system and market-making mechanism for technology innovation bonds, which will improve the underwriting and market-making processes [7]. - Financial institutions and asset management institutions are encouraged to invest in technology innovation bonds, and the creation of indices related to these bonds is promoted [7][8]. - Local governments are encouraged to provide interest subsidies and guarantees to support the issuance of technology innovation bonds [8]. Group 3: Regulatory and Support Mechanisms - The announcement highlights the importance of ensuring that the funds raised through technology innovation bonds are used for supporting the development of the technology sector [8]. - It calls for the integration of technology innovation bonds into the evaluation of financial institutions' technology financial service quality [8]. - The bond market's self-regulatory organizations are urged to improve the supporting rules for technology innovation bonds and provide specialized services for issuance, trading, and settlement [8].